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Card payments in Taiwan are expected to register an annual growth of 5.6% in 2020, as the COVID-19 pandemic has accelerated the push towards electronic payments, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Payment Cards Analytics reveals that card payments in Taiwan are expected to grow at a compound […]
Volkswagen looks to accelerate transformation towards e-mobility with new R&D center in China, says GlobalData
Following the news that Volkswagen (VW) has inaugurated a research and development (R&D) center for e-mobility in the Anhui province of China; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The R&D center in the Anhui province will act as the next e-mobility hub for […]
5G to drive Thailand mobile communications market during 2020-2025, forecasts GlobalData
5G mobile subscriptions are expected to drive the mobile communications market in Thailand by 2025, fuelled by growing demand for high-speed data transmission and low latency network. The demand for digital solutions in sectors such as healthcare, education, retail and tourism will drive the development of 5G in Thailand augmented by new normal after COVID-19, […]
South Korea’s domestic automotive sales to continue upward trend, says GlobalData
Following the news that South Korean Automakers witnessed 6.2% increase in cumulative January-November domestic automotive sales in 2020; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “While the world market suffers from the COVID-19 sales slump, South Korea is set to register record domestic sales […]
Samsung pivots towards foldable phones while mentions of Galaxy Note down in 2020 filings, finds GlobalData
Foldable smartphones hit the market last year itself, but they gained in popularity with improved hinge mechanisms in 2020. Samsung, which is one of the first companies to embrace the design, had a busy year on the foldable phone front. Against this backdrop, the success of foldable phones seems to have caused a decline in […]
Ola’s entry into New Zealand electric scooter market to offer new opportunities, says GlobalData
Following the news that ride-hailing major Ola plans to launch its electric scooter range in New Zealand; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “After announcing its entry into electric vehicle (EV) business through the acquisition of the Netherlands-based electric scooter manufacturer Etergo BV […]
APAC sterilization equipment market to grow at 2% CAGR through 2030, forecasts GlobalData
Preventing the spread of contaminants has become more challenging in COVID-19 era. Against this backdrop, the Asia-Pacific (APAC) sterilization equipment market is expected to grow at a compound annual growth rate (CAGR) of 2% through 2030, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Sterilization Equipment (General Surgery) – Global Market Analysis and […]
Thyroid function tests market in India to reach US$125m in 2025, says GlobalData
Driven by the growing clinician preference for testing, increasing number of hypothyroidism and hyperthyroidism cases especially among pregnant women, neonates and geriatric population, and growing public awareness, thyroid function tests (TFTs) market in India is expected to reach US$125m in 2025, says GlobalData, a leading data and analytics company. An analysis of GlobalData’s Medical Intelligence […]
5G to drive China mobile communication services revenue at 3.7% CAGR during 2020-2025, forecasts GlobalData
The total mobile services revenue in China is set to increase from US$119.1bn in 2020 to US$142.8bn in 2025, at a compounded annual growth rate (CAGR) of 3.7%, supported by 5G infrastructure, increase in mobile data consumption and rising data average revenue per user (ARPU), according to GlobalData, a leading data and analytics company. GlobalData’s China […]
Fiber segment to drive Vietnam’s fixed broadband service revenue over next five years, forecasts GlobalData
Vietnam’s fixed broadband service revenue is expected to rise from US$1.36bn in 2020 to US$1.48bn in 2025, at a compound annual growth rate (CAGR) of 1.8%, driven by increase in fiber optics connections across residential and business segments, according to GlobalData, a leading data and analytics company. According to GlobalData’s Vietnam Fixed Communications Forecast Pack, […]
Aesthetic injectables market in APAC to reach US$3.8bn in 2030, forecasts GlobalData
Driven by the growing number of aesthetic procedures, technological advancements, growing urban population, preference to non-surgical and minimally invasive procedures and better patient outcomes, the aesthetic injectables market in Asia-Pacific (APAC) is expected to reach US$3.8bn in 2030, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Aesthetic Injectables (General Surgery) – Global […]
Card payments in Hong Kong to register subdued growth of 1.2% in 2020, forecasts GlobalData
The lockdown and social distancing measures in Hong Kong due to COVID-19 has resulted in the closure of businesses and decline in consumer spending. As a result, card payments are estimated to register a subdued 1.2% growth this year, forecasts GlobalData, a leading data and analytics company. According to GlobalData’s Payment Cards Analytics, card payments […]
Personal accident and health insurance in Asia-Pacific to reach US$240.1bn in 2023, says GlobalData
Personal accident and health (PA&H) insurance written premium in the Asia-Pacific region is forecasted to grow from US$157.6bn in 2019 to US$240.1bn in 2023, according to GlobalData, a leading data and analytics company. GlobalData’s insight report, ‘Global Personal Accident and Health Insurance Market to 2023’, reveals that PA&H insurance in Asia-Pacific is projected to grow […]
Daimler bets big on India, says GlobalData
Following the news that commercial vehicle manufacturer Daimler India plans to have 350 dealerships across the country over next two years; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The strong headwinds faced by the commercial vehicle industry in India due to COVID-19 and economic […]
Grab, Gojek seem to set aside rivalry to counter growing competition from Sea across Southeast Asia, says GlobalData
Following the news that Southeast Asia’s two most valuable start-ups Grab Holdings (Grab) and Gojek are in talks to merge their businesses; Aurojyoti Bose, Lead Analyst at GlobalData, a leading data and analytics company, offers his view: “The two ride-hailing rivals are amongst the most valued start-ups in the region. While Grab is valued at […]
November vehicle sales in India maintain positive trend riding on healthy festive demand, says GlobalData
Following the news that automaker Maruti Suzuki reported 1.7% year-on-year (yoy) growth in November 2020 vehicle sales; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “India’s auto OEMs are on the path of recovery to the pre-COVID-19 levels as they have been witnessing positive growth […]
Motor Vehicle Aggregators Guidelines 2020 conducive for long-term shared mobility growth in India, says GlobalData
Following the news that the Ministry of Road Transport & Highways in India has issued Motor Vehicle Aggregators Guidelines 2020 to regulate cab aggregators in the country; Animesh Kumar, Director of Automotive and Travel & Tourism Consulting at GlobalData, a leading research and consulting company, offers his view: “The guidelines present benefits to all stakeholders, […]
China pulls ahead in immuno-oncology with highest PD-1/PD-L1 combination clinical trials growth, reveals GlobalData
China recorded the highest year-on-year increase in the number of clinical trials initiated investigating PD-1/PD-L1 targeted combination immuno-oncology therapies across the eight major markets (8MM*) in 2020, according to GlobalData, a leading data and analytics company. In 2020, the US emerged as the leading market in industry-sponsored initiated clinical trials for PD-1/PD-L1 targeted combination therapies […]
China aims to level up key technical capabilities to rid US dependency, says GlobalData
China has a US$1.4 trillion state program to support R&D in key enabling technologies over the next five years to rid itself of dependency on the US. These include semiconductors, artificial intelligence (AI), robotics, 5G and 6G, data centers and cloud, supercomputing, quantum computing technologies, and low-earth orbit satellites, says GlobalData, a leading data and […]
Machine learning most mentioned trend among top 10 AI influencers on Twitter ranked by GlobalData during Q3 2020
Machine learning, bigdata and data science emerged as the most mentioned trends among the artificial intelligence (AI) influencer discussions on Twitter during the third quarter (Q3) of 2020, according to GlobalData, a leading data and analytics company. The discussions around machine learning were related to how organizations have reacted to COVID-19 outbreak through digital transformation […]